Elliott Wave Analysis & Forecast, GE, M1, 20160411

In my view the prices are going upward in light blue wave c of blue wave x and the ideal target for this wave is near 37-38 area where we will find massive resistance and bear enters into the market. How ever there is possibility that this blue wave x can extend up to 45 - 46 area but it is matter of time. Once blue wave x finish and will place top we see sharp decline in last wave of correction towards 5-6 area or even lower. But for now, we have to look sell trade on any bearish weekly candle near 37-38 area. Short term traders can by this stock at current price or better targeting 35 area while stop loss will be @ 27.

mukhiuddin